Is Central Bank Currency Fundamental to the Monetary System? Staff Discussion Paper 2020-2 Hanna Armelius, Carl Andreas Claussen, Scott Hendry In this paper, we discuss whether the ability of individuals to convert commercial bank money (i.e., bank deposits) into central bank money is fundamentally important for the monetary system. Content Type(s): Staff research, Staff discussion papers Topic(s): Bank notes, Digital currencies and fintech, Financial services, Payment clearing and settlement systems JEL Code(s): E, E4, E41, E42, E5
May 6, 2020 Annual Report 2019 The Annual Report outlines the Bank’s activities and achievements in 2019. It includes the financial statements and a message from Governor Stephen S. Poloz. Content Type(s): Publications, Annual Report
May 6, 2020 The Bank of Canada Releases Its Annual Report for 2019 Media Relations The Bank of Canada’s Annual Report for 2019 was tabled in the House of Commons today. Content Type(s): Press, Press releases
May 4, 2020 Operational details for upcoming secondary market purchases of Government of Canada securities (May 11-May 22) As announced on March 27, 2020, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market. Content Type(s): Press, Market notices Source(s): Government of Canada Bond Purchase Program
May 4, 2020 Bridge to Recovery: The Bank’s COVID-19 Pandemic Response Remarks (delivered virtually) Carolyn A. Wilkins C.D. Howe Institute Toronto, Ontario Senior Deputy Governor Carolyn A. Wilkins discusses measures the Bank has taken to address the COVID-19 pandemic and set the stage for recovery. Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Business fluctuations and cycles, Coronavirus disease (COVID-19), Financial institutions, Financial markets, Monetary policy and uncertainty, Monetary policy transmission, Recent economic and financial developments
May 1, 2020 Tiff Macklem Appointed Governor of the Bank of Canada Media Relations Ottawa, Ontario The Directors of the Bank of Canada, appointed under Section 9 of the Bank of Canada Act, today announced that they have appointed Tiff Macklem as Governor of the Bank of Canada for a seven-year term, effective 3 June 2020. Content Type(s): Press, Press releases